The Huddle: Superannuation and Six60

Author
Newstalk ZB,
Publish Date
Thu, 27 Feb 2020, 7:12PM
(Photo / Getty)

The Huddle: Superannuation and Six60

Author
Newstalk ZB,
Publish Date
Thu, 27 Feb 2020, 7:12PM

The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 - costing taxpayers more than half a billion dollars each year.

Figures show that number has nearly tripled over the past ten years - and doesn't even include incomes through Kiwisaver, or other investment portfolios.

Some economists say the numbers support means or income testing pension payments, but others say that risks throwing the baby out with the bath water, and it's vital Super remains universal.

ZB host Tim Beveridge and public affairs consultant Josie Pagani joined Heather du Plessis-Allan for The Huddle. 

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